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The Breakdown

Paraguay President Vetoes Crypto Bill

The Breakdown

Blockworks

Investing, Business

4.8786 Ratings

🗓️ 1 September 2022

⏱️ 18 minutes

🧾️ Download transcript

Summary

This episode is sponsored by Nexo.io, Chainalysis and FTX US.   On today’s episode, NLW does a global regulatory check-in, focused on: A veto for crypto mining regulation in Paraguay Brazil’s biggest bank exploring decentralized finance with the central bank El Salvador sees more Bitcoin Bond delays  South Korea suggests initial coin offering ban has been a failure    - Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io. - Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.   Enjoying this content?   SUBSCRIBE to the Podcast Apple:  https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=   Join the discussion: https://discord.gg/VrKRrfKCz8   Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Maiquel Jantsch/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

Click on a timestamp to play from that location

0:00.0

They think it does show a maturation in the Bitcoin discussion that that's what this conversation is about.

0:05.2

It's a real political discussion about whether Bitcoin fits in the economic landscape of a country.

0:11.1

That's frankly relatively clear-eyed about what the opportunities and challenges are.

0:15.2

And I'll take that conversation 100 times out of 100 instead of whether bad guys are going to use it for their nefarious purposes.

0:23.2

Welcome back to The Breakdown with me, NLW.

0:27.4

It's a daily podcast on macro, Bitcoin, and the Big Picture Power Shifts remaking our world.

0:32.9

The breakdown is sponsored by nexus.i0, chain aliasis and FtX, and produced and distributed by CoinDesk.

0:41.0

What's going on, guys? It is Wednesday, August 31st, and today we are looking at the state

0:46.6

of play with crypto and Bitcoin around the world. One quick note before we dive into the conversation.

0:52.7

There are two ways to listen to the breakdown.

0:55.1

You can hear the show on the Coin Desk Podcast Network, which comes out every afternoon, and also

0:59.5

features other great Coin desk shows, or you can listen on the breakdown only feed, which

1:03.5

comes out a little bit later in the evening. Wherever you are listening, if you would take

1:08.2

the time to leave a rating or a review, I would so appreciate it.

1:12.2

It really makes a big difference in terms of new people finding the show.

1:15.5

Also, a disclosure, as always, in addition to them being a sponsor of the show, I also work with

1:19.5

FTX. Finally, I want to tell you about CoinDesk's new event, the investing in digital enterprises

1:25.0

and asset summit or ideas. Ideas is designed to facilitate

1:29.1

capital flow and market growth by connecting the digital economy with traditional finance.

1:34.2

Join CoinDesk October 18th and 19th in New York City for a 360 investment experience,

1:39.8

where you can source and invest in the next big deal in digital assets. Use code breakdown 20 for 20%

1:45.7

off a general pass and register today at coin desk.com slash ideas. All right, so today, as I mentioned,

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